PUBLISHER: IMARC | PRODUCT CODE: 1468075
PUBLISHER: IMARC | PRODUCT CODE: 1468075
Cogeneration Equipment Market Report by Fuel, Capacity, Technology, Application, and Region 2024-2032
The global cogeneration equipment market size reached US$ 27.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 54.9 Billion by 2032, exhibiting a growth rate (CAGR) of 7.6% during 2024-2032.
Cogeneration or combined heat and power (CHP) equipment is used to simultaneously produce thermal and electrical energy from a single fuel source. These fuel sources can be natural gas, biomass, wood, coal, waste heat and oil. Cogeneration equipment includes gas and steam turbines, electric generators and heat recovery systems that provide power to equipment and machines such as fans, pumps, refrigerators, dehumidifiers and steamers. This equipment works more efficiently and has a smaller carbon footprint than other conventional systems. For instance, in a rice mill that requires mechanical energy for milling and heat for paddy drying, a cogeneration system can use waste products such as rice husk in place of fuel to produce the needed energy output simultaneously, thereby significantly reducing fuel consumption.
The growing energy demand across the globe is the key factor driving the market growth. The frequent occurrence of power outages and increasing power shortages have initiated the development process of systems that are a consistent, uninterrupted and sustainable source of power generation and supply. Furthermore, widespread adoption of micro-CHP systems in industrial, residential and small and medium enterprise (SME) sectors coupled with the decreasing prices of natural gas owing to its abundant availability has positively influenced the demand for this equipment. The market is also receiving a boost due to increasing emphasis by governments of both developed and emerging nations on the production of clean, renewable and efficient energy. Various technological innovations are also catalyzing the market growth. For instance, the introduction of Tri- and Quattro-power generation systems has enabled the simultaneous production of three and more forms of energy, which assists in a better and more effective way of energy conversion.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cogeneration equipment market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on fuel, capacity, technology and application.
Breakup by Fuel:
Natural Gas
Biomass
Coal
Others
Breakup by Capacity:
Up to 30 MW
31MW -60 MW
61 MW- 100 MW
Breakup by Technology:
Reciprocating Engine
Steam Turbine
Combined Cycle Gas Turbine
Gas Turbine
Others
Breakup by Application:
Commercial
Industrial
Residential
Breakup by Region:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Kawasaki Heavy Industries, Ltd., Bosch Group, Innovative Steam Technologies Inc., Kohler Co., Mitsubishi Heavy Industries, Ltd., Wood PLC (Foster Wheeler AG), ANDRITZ AG, Siemens Aktiengesellschaft, 2G Energy AG, ABB Group, Aegis Energy, EDF Group, BDR Thermea Group B.V., Baxi Group, Capstone Turbine Corporation, and Rolls-Royce plc. etc.
IMARC Group's latest report provides a deep insight into the global cogeneration equipment market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global cogeneration equipment market in any manner.
Key Questions Answered in This Report
- 1. What was the size of the global cogeneration equipment market in 2023?
- 2. What is the expected growth rate of the global cogeneration equipment market during 2024-2032?
- 3. What are the key factors driving the global cogeneration equipment market?
- 4. What has been the impact of COVID-19 on the global cogeneration equipment market?
- 5. What is the breakup of the global cogeneration equipment market based on the fuel?
- 6. What is the breakup of the global cogeneration equipment market based on the capacity?
- 7. What is the breakup of the global cogeneration equipment market based on the technology?
- 8. What is the breakup of the global cogeneration equipment market based on the application?
- 9. What are the key regions in the global cogeneration equipment market?
- 10. Who are the key players/companies in the global cogeneration equipment market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Cogeneration Equipment Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Fuel
- 5.5 Market Breakup by Capacity
- 5.6 Market Breakup by Technology
- 5.7 Market Breakup by Application
- 5.8 Market Breakup by Region
- 5.9 Market Forecast
6 Market Breakup by Fuel
- 6.1 Natural Gas
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Biomass
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Coal
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Capacity
- 7.1 Up to 30 MW
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 31MW -60 MW
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 61 MW- 100 MW
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Technology
- 8.1 Reciprocating Engine
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Steam Turbine
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Combined Cycle Gas Turbine
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Gas Turbine
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Application
- 9.1 Commercial
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Industrial
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Residential
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Region
- 10.1 Asia Pacific
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Europe
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 North America
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Middle East and Africa
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Latin America
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Kawasaki Heavy Industries, Ltd.
- 15.3.2 Bosch Group
- 15.3.3 Innovative Steam Technologies Inc.
- 15.3.4 Kohler Co.
- 15.3.5 Mitsubishi Heavy Industries, Ltd.
- 15.3.6 Wood PLC (Foster Wheeler AG)
- 15.3.7 ANDRITZ AG
- 15.3.8 Siemens Aktiengesellschaft
- 15.3.9 2G Energy AG
- 15.3.10 ABB Group
- 15.3.11 Aegis Energy
- 15.3.12 EDF Group
- 15.3.13 BDR Thermea Group B.V.
- 15.3.14 Baxi Group
- 15.3.15 Capstone Turbine Corporation
- 15.3.16 Rolls-Royce plc.
List of Figures
- Figure 1: Global: Cogeneration Equipment Market: Major Drivers and Challenges
- Figure 2: Global: Cogeneration Equipment Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Cogeneration Equipment Market: Breakup by Fuel (in %), 2023
- Figure 4: Global: Cogeneration Equipment Market: Breakup by Capacity (in %), 2023
- Figure 5: Global: Cogeneration Equipment Market: Breakup by Technology (in %), 2023
- Figure 6: Global: Cogeneration Equipment Market: Breakup by Application (in %), 2023
- Figure 7: Global: Cogeneration Equipment Market: Breakup by Region (in %), 2023
- Figure 8: Global: Cogeneration Equipment Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 9: Global: Cogeneration Equipment Industry: SWOT Analysis
- Figure 10: Global: Cogeneration Equipment Industry: Value Chain Analysis
- Figure 11: Global: Cogeneration Equipment Industry: Porter's Five Forces Analysis
- Figure 12: Global: Cogeneration Equipment (Natural Gas) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Cogeneration Equipment (Natural Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Cogeneration Equipment (Biomass) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Cogeneration Equipment (Biomass) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Cogeneration Equipment (Coal) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Cogeneration Equipment (Coal) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Cogeneration Equipment (Other Fuels) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Cogeneration Equipment (Other Fuels) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Cogeneration Equipment (Up to 30 MW) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Cogeneration Equipment (Up to 30 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Cogeneration Equipment (31MW -60 MW) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Cogeneration Equipment (31MW -60 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Cogeneration Equipment (61 MW- 100 MW) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Cogeneration Equipment (61 MW- 100 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Cogeneration Equipment (Reciprocating Engine) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Cogeneration Equipment (Reciprocating Engine) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Cogeneration Equipment (Steam Turbine) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Cogeneration Equipment (Steam Turbine) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: Cogeneration Equipment (Combined Cycle Gas Turbine) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: Cogeneration Equipment (Combined Cycle Gas Turbine) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: Cogeneration Equipment (Gas Turbine) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: Cogeneration Equipment (Gas Turbine) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Global: Cogeneration Equipment (Other Technologies) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Global: Cogeneration Equipment (Other Technologies) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Global: Cogeneration Equipment (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Global: Cogeneration Equipment (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Global: Cogeneration Equipment (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Global: Cogeneration Equipment (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Global: Cogeneration Equipment (Residential) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Global: Cogeneration Equipment (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Asia Pacific: Cogeneration Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Asia Pacific: Cogeneration Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Europe: Cogeneration Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Europe: Cogeneration Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: North America: Cogeneration Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: North America: Cogeneration Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Middle East and Africa: Cogeneration Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Middle East and Africa: Cogeneration Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Latin America: Cogeneration Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Latin America: Cogeneration Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
List of Tables
- Table 1: Global: Cogeneration Equipment Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Cogeneration Equipment Market Forecast: Breakup by Fuel (in Million US$), 2024-2032
- Table 3: Global: Cogeneration Equipment Market Forecast: Breakup by Capacity (in Million US$), 2024-2032
- Table 4: Global: Cogeneration Equipment Market Forecast: Breakup by Technology (in Million US$), 2024-2032
- Table 5: Global: Cogeneration Equipment Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 6: Global: Cogeneration Equipment Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Global: Cogeneration Equipment Market Structure
- Table 8: Global: Cogeneration Equipment Market: Key Players
